Mutual Funds can meet the investment objectives of almost all types of investors. Younger investors who can take some risk while aiming for substantial growth of capital in the long term will find growth schemes (i.e. funds which invest in stocks) an ideal option

Older investors who are risk-averse and prefer a steady income in the medium term can invest in income schemes (i.e. funds which invest in debt instruments). Investors in middle age can allocate their savings between income funds and growth funds and achieve both income and capital growth. Investors who want to benefit from regular savings, save a small sum every month, can use the Systematic Investment Plan

Net Asset Value is the market value of the assets of the scheme minus its liabilities. The per unit NAV is the net asset value of the scheme divided by the number of units outstanding on the Valuation Date.

The applications are usually available at all mutual fund branch locations and the registrar branch locations in the locations where the mutual fund operates. On request, the application could be sent by email to the customer or by courier. The customer has to take a print of the application form, fill in the details and submit it at the nearest Investor Service Center.

Cut-off timing is the time before which an investor has to submit his / her application form to decide the transaction date. When the investor submits the application before the cut-off time, the transaction date is triggered, based on which the NAV is applicable.

Once you make an Investment with a selected mutual fund, the Dividend and Redemption Warrants reach the investor within 10-12 days from the date of transaction.
If the documents do not reach you, you can approach the nearest Investor Service Center or send an email to the customer care Mail ID or call the toll free number of the respective mutual fund to find out the reasons for delay.

The investor needs to fill in the redemption application available on the foot of your account statement. In case of a joint account, all the stake holders need to sign on the document. If the mode of holding is "any one or survivor", the application can be signed by one of the account holders. The filled-in application form should be sent to the nearest Investor Service Center. The units shall be redeemed to you at the redemption price applicable for the transaction date on which your application was received at the Investor Service Center. In case your application is received after the cut-off time, the applicable transaction date would be the next business day.

Systematic Investment Plan (SIP) is a simple, time-honoured strategy designed to help investors accumulate wealth in a disciplined manner over the long-term. This disciplined approach to investing will provide you with the following benefits:

Rupee Cost Averaging is a principle that seeks to generate sustained growth for investments over the long term. Short-term investments are subject to extreme market fluctuations – you may experience sudden losses or dramatic profits through trading. Both these extremes can be balanced out if investors put their money in Systematic Investment Plans (SIPs) for the long term. Rupee Cost Averaging is an inherent feature of SIP.

When an investor has an account in a designated direct credit bank for a mutual fund, based on a redemption request, the redemption proceeds are credited directly to his bank account. However, the procedure for direct credit may vary from fund to fund.

The following documents need to be submitted along with the purchase application depending on the status mentioned in the application.

Every person shall quote his PAN in all investments of Rs. 50,000 or more to a mutual fund for purchase of its units, including fresh / additional purchase, switch, Systematic Investment / Transfer Provide copy of PAN card, or PAN allotment letter or any intimation from Income tax Department quoting PAN as proof of PAN. In case the investor does not have a PAN Card, he has to submit Form 60/61 for all investments of Rs. 50,000 or more to a mutual fund.

COMPANIES / BODY CORPORATE :

Certified Copy of the Board Resolution

List Containing names and signatures of the signatories, authorized as per the board resolution.

Copy of the Memorandum and Articles of Association of the company duly attested by the Company Secretary.

PARTNERSHIP FIRMS :

Copy of the partnership deed duly attested by any one of the partners.

Signatures of the partners attested by their bankers.

Copy of the resolution signed by the partners, authorizing investments and disinvestments
in the Fund.

TRUST :

Copy of the trust deed attested by the trustees / Secretary.

Copy of the resolution passed by the trustees

List of trustees and signatures authorized as per the resolution duly attested by
bankers / secretary of the Trust.

CO-OPERATIVE SOCIETIES :

Copy of the registration certificate attested by the secretary of the society.

Copy of the Resolution duly attested by the secretary / office bearer of the society.

List of members and their signatures, attested by the bankers.

NON-RESIDENT-INVESTORS :

On Repatriation Basis :

In case Indian rupee drafts are purchased abroad or payment is made from debit to
NRE / FCNR account, an account debit certificate from the bank issuing the draft
confirming the debit.

On Non-Repatriation Basis :

In case Indian rupee drafts are purchased abroad or payment is made from debit to NRE / FCNR account, an account debit certificate from the bank issuing the draft confirming the debit should be submitted along with the application.

For subscriptions amounts remitted out of debit to the FCNR / NRE account the Application form must be accompanied with a " Foreign Inward Remittance Certificate (FIRC), issued by the investors bankers .